EXHIBIT 99.1


Information Holdings Inc. Responds to Market Rumors

STAMFORD, Conn.--(BUSINESS WIRE)--May 21, 2004--In response to recent market
rumors, Information Holdings Inc. has confirmed that it is evaluating strategic
alternatives to increase shareholder value, including a possible sale or
recapitalization of the Company. The Company has reached no definitive
conclusion whether it will enter into a sale transaction or not and may consider
other alternatives such as a special cash dividend. The Company may also choose
to take no action at this time.

The Company does not comment on potential transactions and will have no further
disclosure unless and until a reportable transaction occurs.

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Contact:
     Information Holdings Inc.
     Vincent A. Chippari, 203-961-9208